WMC Agenda
Each legislative session, WMC works closely with friendly legislators to pass legislation that protects corportations, increases corporate bottom lines, and helps corporations avoid paying a fair share.
Here's a look at some of the most blatant pro-corporate legislation supported by WMC which would cost taxpayers enormous sums of money.
2007 AB 671: Excludes income from a business from being taxed. Potential cost to Wisconsin: at least $44 million a year.
2007 AB 128: Shields corporations from liabilities when their products cause injury or harm.
2003 SB 261: Creates $10 million in new tax credits for corporations. From the Legislative Fiscal Bureau: “Given the large number of business potentially eligible (50,000 or more) ...the revenue loss from the bill could be tens of millions of dollars annually and potentially more.”
2007 AB 853: Makes it easier for corporations to acquire land to build oil pipelines.
2005 AB 910: Allows taxation on capital gains to be deferred indefinitely. Potential cost to Wisconsin: $64 million in lost revenue annually.
2003 SB 249: Hands over $50 million annually for corporate capital investment tax credits.
2003 AB 507 & 508: Provides tax credits for energy consumed by corporations. Cost to Wisconsin: up to $30 million annually.
2005 SB 449: Gives $10 million tax cut for "innovation projects."
2003 SB 197: Exempts corporations from paying certain state property or payroll taxes. Cost to Wisconsin: $105 million over 4 years.
2005 AB 206: Allows $3.5 million dollars per year in tax breaks to corporations for "research."
[Source: Wisconsin Government Accountability Board]